Ryze - Business Networking Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds
Home

Apply for Membership

About Ryze


!..:Bazaar Fundas:...!
Previous Topic | Next Topic | Topics
The !..:Bazaar Fundas:...! Network is not currently active and cannot accept new posts
Views: 601
Aug 25, 2006 10:10 pm#

Tribal Route

 

 

 

AV Birla begins retail headhunt 

 

Nandini Lakshman

Friday, August 25, 2006  23:21 IST

 

 

Snares Vijay Kashyap and Sanjay Badhe from Shoppers Stop.

 

MUMBAI: The newest kid on the retail block, the Rs 40,000 crore Aditya Vikram Birla group is finally flexing its retail muscle.

 

Everything is still low-key, says a Birla manager. But the hirings have begun.

 

Heading human resource at Birla retail is Vijay Kashyap. He was earlier the human resources head of Shoppers Stop. Another Shoppers veteran who is understood to have crossed floors is Sanjay Badhe. He was in charge of property in his earlier job.

 

At a time when anybody with retail aspirations is thinking Reliance, a prize catch is Pankaj Katiyal of Reliance Retail.

 

He was looking after the petrochemical majors gasoline stations.

 

In fact, Shoppers Stop and Pantaloon are said to have become the favourite poaching ground for new entrants like Birla.

 

Over the past 10 months, Reliance, which had spread its recruitment dragnet, picked up almost anybody who spelt retail. Their pay back time has just begun, says a leading competitor.

 

Industry sources claim that the Birla group which plans to have a retail outlay of around Rs 4,600 crore, is talking to one of Britains top retailer - Tesco group.

 

Tesco already has a sourcing operation based in Bangalore.

 

Another contender is said to be the French retail major Carrefour which is also sourcing many products from India.

 

The Birla group has honed its retail skills with its apparel arm - Madura Garments which has turned around.

 

Apart from being the licencees for a clutch of global brands like Espirit and Tommy Hilfiger, Maduras veteran brands include Peter England, once the largest selling shirt brand in India, Louis Philipe, Van Heusen and Allen Solly.

 

Madura Garments which nestle under the Aditya Nuvo umbrella is understood to be at the forefront of the groups mass market retail foray. Hypermarkets and large departmental stores are said to be the formats that the group is toying with. While it is easy to break even within a year with hypermarkets, the department store format will be a Madura Garment annexe.

 

http://www.dnaindia.com/report.asp?NewsID=1049412 

--

Looking Forward to ConnectU2CABuilders of Dreams!

http://retail-network.ryze.com/

https://www.openbc.com/net/retail/

http://www.ryze.com/go/U2CAindia

http://www.froggy.in/

Private Reply to Tribal Route

Previous Topic | Next Topic | Topics

Back to !..:Bazaar Fundas:...!





Ryze Admin - Support   |   About Ryze



© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy